Question 1

Jack Welch was the former CEO of:
A) General Electric
B) Home Depot
C) Nike
D) IBM

Accepted Answer

Jack Welch was the former CEO of General Electric, where he served from 1981 to 2001.

Question 2

Which of the following is not a classical type of formal organizational structure?
A) functional
B) divisional
C) matrix
D) boundaryless

Accepted Answer

Boundaryless is not a classical type of formal organizational structure. Classical organizational structures are characterized by a clear hierarchy, division of labor, and specialization. Boundaryless organizations, on the other hand, are characterized by a lack of formal boundaries and a focus on collaboration and flexibility.

Question 3

Which company dominates today's bicycle industry, along with China Bicycle Company?
A) Schwinn
B) Raleigh
C) Huffy
D) Giant

Accepted Answer

Giant is one of the largest and most prominent bicycle manufacturers in the world, alongside companies like China Bicycle Company.

Question 4

The typical flow design of a strategic planning structure has _________ as the first element.
A) Follow-through
B) Budgeting
C) Environmental analysis
D) Vision

Accepted Answer

The answer of The typical flow design of a strategic...

Question 5

Control systems are analogous to what part of an automobile?
A) Speedometer
B) Steering wheel
C) Engine
D) Brakes

Accepted Answer

The answer of Control systems are analogous to what part...

Question 6

______________ structures divide work based on products or markets.
A) Functional
B) Divisional
C) Matrix
D) Network

Accepted Answer

Divisional structures organize work based on products or markets, allowing each division to operate semi-autonomously with its own resources and objectives.

Question 7

Which of the following is not a purpose of organizational structure?
A) Identify what people do
B) Divide tasks across units in order to accomplish strategy
C) Identify how people coordinate activities
D) Recruit individuals to the firm

Accepted Answer

Recruiting individuals to the firm is not a purpose of organizational structure; it is typically a function of human resources. Organizational structure is more about defining roles, responsibilities, and how tasks are coordinated.

Question 8

__________ initiatives are carried out within the official resource allocation process.
A) Autonomous
B) Induced
C) Informal
D) Emergent

Accepted Answer

The answer of __________ initiatives are carried out within the...

Question 9

Which of the following is not true about Trader Joe's execution strategy?
A) Most sales come from in-store brands.
B) Employees are not continuously trained and developed.
C) Carry more items than competitors such as Safeway and Kroger.
D) Provide compensation and bonuses that are significantly higher than industry averages.

Accepted Answer

The answer of Which of the following is not true...

Question 10

Strategy _________ is an interactive process of experimenting with structures and routines that will refine strategic directions.
A) Initiatives
B) Execution
C) Options
D) Planning

Accepted Answer

The answer of Strategy _________ is an interactive process of...

Question 11

Jack Welch established the global _________ initiative to force GE businesses to involve people at all levels of the organization in reinventing the basic ways of managing, operating and thinking about business.
A) "Be number one"
B) "Destroy your business"
C) "Enjoy your business"
D) "Reinvent the wheel"

Accepted Answer

Jack Welch introduced the "Destroy your business" initiative to encourage GE businesses to proactively challenge and reinvent their operations and strategies, fostering innovation and adaptability.

Question 12

Strategic implementation was traditionally based on which 3Cs?
A) Command, Control, Coordination
B) Collaboration, Communication, Control
C) Communication, Change, Community
D) Control, Communication, Command

Accepted Answer

Strategic implementation was traditionally based on the 3Cs of Command, Control, and Coordination.

Question 13

Which of the following is not true about IBM?
A) Introduced the initial product in 1981
B) Soon faced a number of rivals that 'cloned' products
C) Internally produced hardware
D) Sold the personal computer division to Lenovo

Accepted Answer

IBM does not internally produce hardware.

Question 14

According to Larry Bossidy, GE veteran and Allied Signal/Honeywell CEO, _____ are the most important part of the business model.
A) Finances
B) People
C) Products
D) Services

Accepted Answer

Larry Bossidy emphasizes that people are the most important part of the business model, as they drive the success and execution of business strategies.

Question 15

__________ organizations operate with a central core group composed of a relatively small staff of full-time employees who are responsible for key strategic activities and outsource all others.
A) Divisional
B) Matrix
C) Network
D) Functional

Accepted Answer

Network organizations have a central core group of full-time employees for strategic activities and outsource other functions.

Question 16

Which of the following is not a component of the strategic planning process?
A) Reflect on vision
B) Analyze business and corporate environment
C) Recruit the right people
D) Select strategy

Accepted Answer

Recruiting the right people is typically part of human resource management, not the strategic planning process.

Question 17

Which of the following is not true about control systems?
A) Measure the extent that action and decisions in the organization are consistent with management intent
B) Give the executives information about whether current strategies are still appropriate
C) Include finance indicators
D) Informal process

Accepted Answer

Control systems are formal processes designed to ensure that organizational activities align with management's objectives, and they typically include formal procedures and metrics.

Question 18

What are the four components of the balanced scorecard?
A) Financial, Customer, Internal business processes, Learning and Growth
B) Human Resources, Finance, Marketing, Information Technology
C) Management, Marketing, Finance, Accounting
D) Knowledge Management, Human Resources, Marketing, Finance

Accepted Answer

The balanced scorecard includes four components: Financial, Customer, Internal business processes, and Learning and Growth. These components help organizations measure and manage performance from multiple perspectives.

Question 19

Which of the following does not characterize strategic planning by managers?
A) Always a monthly process
B) Reflect on vision
C) Analyse the business and corporate environment
D) Formulate alternatives

Accepted Answer

Strategic planning is not always a monthly process; it typically occurs on a longer-term basis, such as annually or quarterly, to set long-term goals and directions.

Question 20

Which of the following is typically the first step in strategic planning?
A) Vision
B) Corporate analysis
C) Action planning
D) Budgeting

Accepted Answer

The first step in strategic planning is typically defining the vision, which sets the long-term direction and purpose for the organization.

Quiz 10: Ensuring Execution

Jack Welch was the former CEO of:

Which of the following is not a classical type of formal organizational structure?

Which company dominates today's bicycle industry, along with China Bicycle Company?

The typical flow design of a strategic planning structure has _________ as the first element.

Control systems are analogous to what part of an automobile?

______________ structures divide work based on products or markets.

Which of the following is not a purpose of organizational structure?

__________ initiatives are carried out within the official resource allocation process.

Which of the following is not true about Trader Joe's execution strategy?

Strategy _________ is an interactive process of experimenting with structures and routines that will refine strategic directions.

Jack Welch established the global _________ initiative to force GE businesses to involve people at all levels of the organization in reinventing the basic ways of managing, operating and thinking about business.

Strategic implementation was traditionally based on which 3Cs?

Which of the following is not true about IBM?

According to Larry Bossidy, GE veteran and Allied Signal/Honeywell CEO, _____ are the most important part of the business model.

__________ organizations operate with a central core group composed of a relatively small staff of full-time employees who are responsible for key strategic activities and outsource all others.

Which of the following is not a component of the strategic planning process?

Which of the following is not true about control systems?

What are the four components of the balanced scorecard?

Which of the following does not characterize strategic planning by managers?

Which of the following is typically the first step in strategic planning?